AVAX/USDT – 1H – SELL

The currency pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.

A bearish trend downwards to the next support at 9 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 9.210000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘RSI Hidden Bearish Divergence’ indicator signal is existing. The indicator is ‘RSI Hidden Bearish Divergence’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Then a ‘On Neck’ candlestick pattern is detected. The chart shows ‘On Neck’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

9.210000000 – 9.29 – 9.42 – 9 – 9.05 – 8.62 —
9.210000000 – 9.200000000 —
50.030971443181 – 51.864618601486 —
9.210000000 – 1771401600 —
– 1771401600

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – On Neck – Double top chart pattern – –